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The Belt and Road Initiative March 16, 2018

The Belt and Road Initiative

The Belt and Road Initiative – China’s proposal to build a Silk Road Economic Belt and a 21st Century Maritime Silk Road in cooperation with related countries – was unveiled by Chinese President Xi Jinping during his visits to Central and Southeast Asia in September and October 2013. The initiative focuses on promoting policy coordination, connectivity of infrastructure and facilities, unimpeded trade, financial integration, and strengthened people-to-people ties through a consultative process and joint efforts, with the goal of bringing benefits to all. The initiative covers primarily East Asia, Southeast Asia, South Asia, West Asia, Central Asia, and Central and Eastern Europe. It reflects a convergence of interests and an increasing need for regional and global cooperation. The response from countries along the proposed Belt and Road has been enthusiastic. By the end of 2016 over 100 countries and international and regional organizations had expressed an interest in participating, and more than 40 of them had signed cooperation agreements with China.